Dow Jones Industrial Average Index
45,048.6USDR
+154.5+0.34%
As of today at 01:53 GMT
USD
No trades
US30 trade ideas
DOW JONES INDEX MONTHLY GANN ANALYSIS 06 AUGUST 2024Dow Jones Index hits a all time high around 41400 the death zone in Gann Theory. Now we near Momentum level of 38400. Its has support till 37800. If either of the levels are held we can see recoevry soon. If broken then we may move towards the 36000 which acts the centre of gravity. we saw a rise of nearly 9000 points on the index. Currently we have corrected nearly one third of the recent rise. The rise was seen for 9 months at a rate of 1000 points per month. Also single month we saw a fall of 3000 points on it. Earlier rise was 18000 points from covid lows and correction thereafter was 8000 points. We need to watch the price action near the cluster supports of 38400 and 37800.
Happy Trading !!!
WARNING OF A SUPER CRISIS IN THE US STOCK MARKETDJ:DJI
WARNING OF A SUPER CRISIS IN THE US STOCK MARKET
As you can see, the world stock market is adjusting globally. This makes everyone think of a crisis or recession, but no one can predict how strong the upcoming crash will be!
Including trillions of dollars borrowed from economies, creating an "empty pyramid"
Next is the bubble of technology stocks, AI, virtual reality, these are all great stories but they are from 10 years away. But the value of the companies is being inflated 20-30 years later.
And finally, the cryptocurrency market, which is not as valuable as it is being valued, especially Bitcoin, BTC will fall below $20,000.
Looking at the technical chart, we see that DJ is having a very strong divergence on the monthly time frame, and this is a triple top divergence. If we really escape this time, the next time will be a big bang, maybe no one has seen it since the 1929 recession.
Keep a cool head and act cautiously, you can become very rich or very poor
DJI TRG 39600DJI Trgs on chart. Expect price to fall to 40100 & below that to 39600.
Levels & Angles plotted serve as Support & Resistance. Look at candle formation arnd these levels.
Probable Trend change date 29th July. Mark H/L of this date for further direction.
Weak below 40595 ( DCB)
Look for updates.
DOW JONES Can see beautiful DOUBLE bottom pattern
GO long in DJI PERFECT TAKING support from the neck line looking very bullish and even price confirmation
Put to ur sl - below day low (live trade)
if u dont have forex acc
or any question fell free to text
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US30- Reversal on cardsWe can see Multiple Resistance points like Channel higher end, Gan fan resistance & previous price rejection. Reversal is anticipated around this Zone, price may form divergence by breaking previous high. Sell on Rise is suggested with proper Risk management & position sizing. Just a view not a Reco...
MARKET CRASHNSE:NIFTY TVC:DJI
US market 1929 vs 2024
Is it just coincidence or is history going to repeat itself ??
Great Depression, was a worldwide economic downturn that began in 1929 and lasted until about 1939. It was the longest and most severe depression ever experienced by the industrialized Western world, sparking fundamental changes in economic institutions, macroeconomic policy, and economic theory.
Similarities and differences between the microeconomic conditions during the start of the 1929 market crash and those in 2024.
Similarities
Credit Expansion and Financial Innovation:
1929: The 1920s saw significant credit expansion, with many Americans buying stocks on margin (borrowing money to buy stocks), leading to inflated stock prices.
2024: Similarly, the 2020s have seen rapid credit expansion globally, with innovations in financial products and increased borrowing, contributing to elevated asset prices1.
High Leverage:
1929: High leverage was prevalent, particularly in the stock market, where investors borrowed heavily to invest.
2024: High leverage is also a concern today, not just in stock markets but across various sectors, including real estate and corporate debt1.
Financial Sector Vulnerabilities:
1929: The financial sector was vulnerable due to speculative investments and lack of regulation, leading to bank failures.
2024: Today’s financial sector, while more regulated, still faces vulnerabilities from high leverage and interconnected global markets1.
Economic Contraction:
1929: The U.S. experienced a severe economic contraction, leading to the Great Depression.
2024: There are concerns about economic contraction due to various factors, including high inflation, geopolitical tensions, and slowing growth in major economies.
Differences
Policy Responses:
1929: The policy response was slow and inadequate. The Federal Reserve’s actions were limited, and there was a lack of coordinated fiscal policy.
2024: Today’s policy responses are much more proactive. Central banks and governments have implemented significant monetary and fiscal measures to stabilize economies.
Globalization:
1929: The global economy was less interconnected, with the U.S. being the primary driver of the economic downturn.
2024: The global economy is highly interconnected, meaning economic issues in one region can quickly spread to others. This interconnectedness also allows for coordinated policy responses.
Technological Advancements:
1929: Technological advancements were limited, affecting communication and the speed of economic activities.
2024: Technological advancements have transformed economies, enabling faster communication, better data analysis, and more efficient markets1.
Regulatory Environment:
1929: There was minimal regulation of financial markets, contributing to speculative bubbles and bank failures.
2024: The regulatory environment is much stricter, with measures in place to prevent excessive risk-taking and ensure financial stability.
Conclusion
While there are some striking similarities between the microeconomic conditions of 1929 and 2024, particularly in terms of credit expansion, high leverage, and financial sector vulnerabilities, the differences in policy responses, globalization, technological advancements, and regulatory environments are significant. These differences suggest that while there are risks, the tools available to manage economic downturns are more robust today.
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Trade Secrets By Pratik
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Disclaimer
NOT SEBI REGISTERED
This is our personal view and this analysis
is only for educational purposes
Please consult your advisor before
investing or trading
You are solely responsible for any decisions
you take on the basis of our research.
DJIWhat has started in Oct 2023 has formed a parallel channel. It has completed one of the target given in Aug 2023 for 40904.
from 35210 on 8th Aug 2023 to high of 41096 and highest closing of 40842
cmp 39737
Now going forward we may expect selling continue until 37100
35500 is good support for pull back, at the same time it is the lower edge of the channel.
Bull run continue.
Please understand this is election year for US, I don't see selling until Nov 2024
Dow analysis for the week starting 29th july 2024.Dow on daily chart looks bearish. Sell on close below 39800.
On one hour chart it is bullish but being resisted at 40750 levels.
for Monday
Buy above 40775 . book profit at 50/100 points depending on your risk reward levels or trail with stop loss.
Sell on close of one hour candle below 40370 .
Ramakrishnan
Dow Jones wants to make an upside breakout What can the price doIt seems that the US market Dow Jones wants to make an upside breakout. Which is telling based on weekly and daily candle.
What can the price do?
Let's see its possibilities....
1. If the price is rejected by the resistance trade line passing above, then the support line passing below is a very good place to buy.
2. If the price goes straight up, the risk may increase slightly. A pullback can be expected. If it can come almost to the breakout line then it will be suitable. 41200 and 43200 prices have room to go. But it takes a lot of time.
Note: 1.The reports of the election of the President of the United States are being received, which you should also take into consideration.
2. We do not give you any advice to buy or sell. Be sure to seek the help of your financial advisor.
On The Verge of_Ascending Triangle BreakoutA triangle is a chart pattern is a tool used in technical analysis. The triangle chart pattern is named as such because it resembles a triangle. It is depicted by drawing trendlines along a converging price range, that connotes a pause in the prevailing trend. Technical analysts categorize triangles as continuation patterns of an existing trend or reversal. Despite being a continuation, traders should look for breakouts before they make a move to enter or exit a position.
World equities rose while the U.S. dollar fell on Wednesday!EQUITIES
GLOBAL - World equities rose while the U.S. dollar fell on Wednesday following soft labor market data that buoyed investor expectations of Federal Reserve interest rate cuts later this year.
MSCI's gauge of stocks across the globe EURONEXT:IACWI rose 0.60% to 811.63
For a full report, click on
- - - -
NEW YORK - The S&P 500 index and technology-laden Nasdaq rose on Wednesday to post record high closes, as data pointing to a softening economy raised hopes the Federal Reserve could cut interest rates in September.
The Dow Jones Industrial Average
DJI
fell 23.85 points, or 0.06%, to close at 39,308.00, the S&P 500
SPX
gained 28.01 points, or 0.51%, to 5,537.02 and the Nasdaq Composite
IXIC
gained 159.54 points, or 0.88%, to 18,188.30.
Dow jones US 30 ready for upside move Disclaimer -
This information is only for educational purposes, this is not for any buy or sell recommendations .
On Our Harmonic pattern indicator
based trade setup take trade as explained below :-
ENTRY -
When price breaks 30% retracement Which is D points then take Entry on Buy or Sell Trade
SL -
SL is (-3%) Which is mentioned in Chart . our SL is just above or below of Recent high or Low .
TARGET -
Target 1- (T1 : 61.8 %)
Target 2- (T2 : 88.6 %)
Target 3- (T3 : 127.2 %)
Target 4- (T4 : 161.8 %)
Please note:-
It's working on news based and volitile market very well so exit if SL hit
S&P 500 Edges Down on Week, Still Logs Strong Gain for First Hal
The Standard & Poor's 500 edged down for its first weekly loss since late May, though the index rose almost 15% in the first half of 2024.
The S&P 500 ended Friday's session at 5,460.48, down slightly from last week's closing level of 5,464.62. With this being the only week the market benchmark has been in the red this month, it still logged a 3.5% increase for the month of June.
The index's first-half gain still failed to top last year's first-half increase of nearly 16%.
Revised gross domestic product data this week showed the US economy grew at a slightly faster rate in the first quarter than previously forecast, while inflationary pressures intensified. US consumer spending rose less than expected in May while inflation slowed down at the monthly and annual levels.
The S&P 500's sectors were mixed with advancers and decliners nearly canceling each other out.
Materials and utilities led to the downside with drops of 1.1% each. Other decliners included consumer staples, industrials, technology, health care and financials.